Beautiful old mining stock certificate from the Carrie Steele Mining Co.
issued in 1880. This historic document has an
ornate border around it with a vignette of miners working underground. This item was hand signed by the Company's President and Secretary.
Congressional Serial Set 1882 - 1883
CAMP FLOYD DISTRICT.
The Camp Floyd district is south of the Ophir district, and is on the same range. It is an irregular rectangle, from 7 to 9 miles on a side, the mines themselves, however, being included within an area of a square mile. Five hundred and ninety-five locations hail been made, of which but twenty five were held at the time of the writer's visit. Aside from those employed by the Carrie Steele Company, not ten men had been working in the district during the preceding twelve months. The formation is a blue-black limestone, dipping from 10° to 25° NE. An exception to this is a stratum of quartzite or siliceous limestone (locally called a " reef), from 25 to 75 feet thick, on which all the claims are located.
Lewiston, the town of the district, is 18 miles southeast of Stockton, with which it is connected by a good wagon road. The Carrie Steele mine is about one-quarter of a mile from Lewiston, and is 7,000 feet above sea-level. It was discovered in 1873 by Leandro Steele; was worked from 1870 to July, 1879, when it was sold to the Carrie Steele Mining Company, of New York. This company has a capital stock of $1,000,000, in 100,000 shares. A working capital of $30,000 was raised by the sale of 20,000 shares. The ore in this reef outcropped in a single spot upon the hillside. The workings so far have been through three tunnels, and have explored a space not to exceed 50 feet in depth and 200 by 274 feet. The levels and drifts amount to 1,420 feet.
One large body of autimonial ore, 20 feet thick and GO by 70 feet in extreme width and length, was found at the surface. The richest ore averaged $700, and occurred in a seam from 8 to 10 inches wide, next to the roof. There are three crevices a few inches wide, parallel, and 30 feet apart, which ran NE. and SW. through the "reef". The secondary small bodies of ore were found on the northwest side and adjacent to these crevices. The ore is a hard, tough siliceous limestone, rarely soft and fine, sometimes much broken, and containing seams of oxide of iron and crystals of quartz and calcite. The silver is in the form of horn-silver, except in the case of the antimonial ore. This last ore seems to be an argentiferous stibnite, and assays from $100 to $500 per ton. The great mass, however, is low grade, from $15 to $50, until sorted, and is free milling. No water is found. In the census year about eighteen men were employed, and 1,500 tons of unsorted ore were produced. The sales of ore prior to the purchase by the present company amounted to about $S0,000.
The mill is a wet-crushing 20 stamp silver mill, having eight pans and four settlers. It was built by an English company in 1872-'73 to work the ores of the Sparrowhawk mine, and was said to ha ve cost $80,000. It was purchased by the Carrie Steele Mining Company in 1879, and ran from May 10 to August 15, 1880, since which time it has been idle. The mill is a quarter of a mile from the mine
The cost of hauling ore was 75 cents per ton. Owing to scarcity of water, which was brought 2£ miles in a pipe, it was pumped from the settling tanks and flowed again through the battery. Ore was worked with salt and sulphate of copper. This method is said to save 83 per cent of ordinary ore and 60 per cent, of the antimonial ore. Tailings assayed $6. The cost of milling per ton was said to bo only $5. Probably a long run would materially raise these figures. The mill had an Aiken furnace, which was not used.
History from Encyberpedia and
stock certificate research service)